Forex - Chart AUD/NZD Update: Crack seen on the upside


Published at 05:35 (GMT) 17 Aug

    

Chart AUD/NZD Update: Crack seen on the upside (QZFC8501)

17 Aug AUD/NZD Daily

04::59 GMT - Crack seen on the upside with prices traded above the daily resistance line from 2-Jul's high and now threatening 1.1317 resistance with break to open upside to 1.1380 then stronger 1.1430. [W.T]

R5: 1.1463 * 38.2% Mar 2011/Apr fall
R4: 1.1430 * 2 Jul high
R3: 1.1380 * 16 Jul high
R2: 1.1330 intraday level
R1: 1.1317 * 5 Aug high

S1: 1.1260 intraday level
S2: 1.1196 14 Aug low
S3: 1.1124 13 Aug low
S4: 1.1098 * 12 Aug low
S5: 1.1070 4 Aug low

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD retreats to 1.0750, eyes on Fedspeak

EUR/USD retreats to 1.0750, eyes on Fedspeak

EUR/USD stays under modest bearish pressure and trades at around 1.0750 on Wednesday. Hawkish comments from Fed officials help the US Dollar stay resilient and don't allow the pair to stage a rebound.

EUR/USD News

GBP/USD remains on the defensive around 1.2500 ahead of BoE

GBP/USD remains on the defensive around 1.2500 ahead of BoE

The constructive tone in the Greenback maintains the risk complex under pressure on Wednesday, motivating GBP/USD to add to Tuesday's losses and gyrate around the 1.2500 zone prior to the upcoming BoE's interest rate decision.

GBP/USD News

Gold flirts with $2,320 as USD demand losses steam

Gold flirts with $2,320 as USD demand losses steam

Gold struggles to make a decisive move in either direction and moves sideways in a narrow channel above $2,300. The benchmark 10-year US Treasury bond yield clings to modest gains near 4.5% and limits XAU/USD's upside.

Gold News

SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51

SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51

Ripple (XRP) dipped to $0.51 low on Wednesday, erasing its gains from earlier this week. The Securities and Exchange Commission (SEC) filing is now public, in its redacted version. 

Read more

Softer growth, cooler inflation and rate cuts remain on the horizon

Softer growth, cooler inflation and rate cuts remain on the horizon

Economic growth in the US appears to be in solid shape. Although real GDP growth came in well below consensus expectations, the headline miss was mostly the result of larger-than-anticipated drags from trade and inventories.

Read more

Majors

Cryptocurrencies

Signatures